BOND COMPLEXITY : HIGHISIN: XS3500115012 Classified as SIP
OCBCSP 4.630% 11Sep2029 Corp (USD) Classified as SIP
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Indicative Bid Price
98.520
Bid Yield to Maturity
5.184%
Min. Investment (Nominal)
200000
Indicative Ask Price
98.731
Ask Yield to Maturity
5.104%
Maturity Date
10 Sep 2029
Credit Rating (Bond)
AAA
High Investment Grade
Seniority
Secured
Capital Structure
Secured
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to MaturityAsk Yield to Maturity14. Sep16. Sep18. Sep20. Sep22. Sep24. Sep26. Sep28. Sep30. Sep2. Oct4. Oct6. Oct8. Oct10. Oct12. Oct4.84.955.15.25.3FSM Global
Bond Information
Oversea-Chinese Banking Corporation Limited offers a comprehensive range of financial services. The Company's services include deposit-taking, corporate, enterprise and personal lending, international trade financing, investment banking, private banking, treasury, stockbroking, insurance, credit cards, cash management, asset management and other financial and related services.
Bond Issuer
Oversea-Chinese Banking Corporation Limited
Guarantor
Red Sail Pte. Ltd.
Announcement Date
02 Sep 2026
Issue Date
10 Sep 2026
Maturity Date / Next Call Date
10 Sep 2029 (Maturity Date)
Years to Maturity / Next Call
2.911 / -
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
4.630
Coupon Type
Fixed
Annual Coupon Rate (%)
4.63
Annual Coupon Frequency
Semi Annually
Seniority
Secured
Exchange Listed
SGX
Reference Rate
-
ISIN
XS3500115012
CUSIP
DQ3393815
Bond Currency
USD
Total Issue Size
USD 750,000,000
Minimum Investment Quantity (Nominal)
USD 200,000
Incremental with Min Investment Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/AA-
Bond Credit Rating (S&P/ Fitch)
***/AAA
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
Extended Due for Payment Date of Guaranteed Amount corresponding to the Final Redemption Amount under the Covered Bond Guarantee:

Interest Payment Date falling on or nearest to 11 September 2030

In accordance with the Conditions and this Pricing Supplement, if the Issuer fails to pay the Final Redemption Amount of the relevant Series of Covered Bonds on the Maturity Date (subject to applicable grace periods) and if the Guaranteed Amounts equal to the Final Redemption Amount of the relevant Series of Covered Bonds are not paid in full by the date falling two Business Days after the expiry of 14 days starting on (and including) the Maturity Date (the “Extension Determination Date”), then payment of the unpaid amount pursuant to the Covered Bond Guarantee shall be automatically deferred (without a CBG Event of Default occurring as a result of such non-payment) and shall be due and payable on the Extended Due for Payment Date (subject to any applicable grace periods), all in accordance with the Conditions
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
12 Oct 202698.52098.7315.104
11 Oct 202698.44998.6605.130
08 Oct 202698.47698.6885.119
07 Oct 202698.48398.7485.096
06 Oct 202698.45698.7225.105
05 Oct 202698.42798.6935.115
04 Oct 202698.47698.7425.097
01 Oct 202698.45898.7255.103
30 Sep 202698.30198.6205.142
29 Sep 202698.43098.7515.091
Total of 29 entries
10 / Page
FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Pricing Supplement
Issue of U.S.$750,000,000 4.630 per cent. Covered Bonds due 2029 under the U.S.$10,000,000,000 Global Covered Bond Programme. Pricing Supplement dated 3 September 2026.
pdfIcon
Offering Circular
U.S.$10,000,000,000 Global Covered Bond Programme. Offering Memorandum dated 25 March 2026.
Related Bonds

No data available

FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
USD 1,920.50
Years to Maturity
2 years 10+ months
Est. Total Income
USD 27,780.00
Yield to Maturity
-
Indicative Cash Flow
Nominal Value
USD 200,000.00
  • 2029
    Sep
    Coupon
    USD 4,630.00
    Maturity
    USD 200,000.00
  • Mar
    Coupon
    USD 4,630.00
  • 2028
    Sep
    Coupon
    USD 4,630.00
  • Mar
    Coupon
    USD 4,630.00
  • 2027
    Sep
    Coupon
    USD 4,630.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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